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Welcome to the Maryland Risk Management Education Blog, provided by the University of Maryland Department of Agricultural and Resource Economics and features the work of the Maryland Crop Insurance Education program and the University of Maryland - MPowering the State's Agriculture Law Education Initiative, a University of Maryland Extension Signature Program. This blog provides readers with information on risk management issues important to Maryland agriculture, upcoming events, and new materials that may interest readers.

Long-Term Leases Provide a Valuable Succession Planning Tool as Recent Court Case Highlights

Paul Goeringer

Oct 30, 2018
3 min

Long-Term Leases Provide a Valuable Succession Planning Tool as Recent Court Case Highlights

The article is not a substitute for legal advice. See here for the site’s reposting policy. Developing a farm succession plan which allows the next generation to take over the farm and provides for non-farm heirs is not an easy task. While you may want to treat your children equally, keeping the farm viable for the next generation may not allow for equal treatment. Why? Dividing the farmland equally may result in one heir getting fewer acres than are needed to support a fa

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